EMERGENCY BILL
File Code: Taxes - Income
Prior Year Introduction As:
SB 1069/09 - SRU
Crossfiled with: HOUSE BILL 241
- Sponsored By:
-
Senators Madaleno, Frosh, King, McFadden, and Peters
- Entitled:
-
Income Tax - Net Operating Loss Deductions - Loss from Criminal Fraud or
Embezzlement
Providing that a Maryland income tax provision requiring addition or
subtraction modifications to federal adjusted gross income to
determine Maryland adjusted gross income of an individual without
regard to the special net operating loss carryback period provided
under � 172(b)(1)(H) of the Internal Revenue Code is not applicable to
net operating losses covered under I.R.S. Revenue Ruling 2009-9 and
substantiated under I.R.S. Revenue Procedure 2009-20; making the Act
an emergency measure; etc.
Legislative date is used to record
history occurring in the Chambers
otherwise Calendar date is used.
Senate Action
- 2/4
- First Reading Budget and Taxation
- 3/10
- Hearing 3/24 at 1:00 p.m.
- 3/17
- Hearing cancelled
- Hearing 3/24 at 1:15 p.m.
- 3/23
- Hearing cancelled
- Hearing 3/24 at 2:15 p.m.
House Action
- No Action
Sponsored by:
- Senator Richard S. Madaleno, Jr., District 18
- Senator Brian E. Frosh, District 16
- Senator Nancy J. King, District 39
- Senator Nathaniel J. McFadden, District 45
- Senator Douglas J. J. Peters, District 23
Bill indexed under the following Subjects:
- Crimes and Punishments -see also- Penalties and Sentnc; etc.
- Exemptions
- Fraud -see also- Forgery
- Income Tax
- Investments -see also- Securities
All documents except Roll Call Votes are
displayed in PDF format:
- Bill Text:
First Reading,
Third Reading, Enrolled
- Fiscal and Policy Note:
Available
- Amendments:
None offered
